Short Interest in Caravelle International Group (NASDAQ:CACO) Declines By 59.9%

Caravelle International Group (NASDAQ:CACO) saw a large drop in short interest during the month of August. As of August 15th, there was short interest totalling 82,600 shares, a drop of 59.9% from the July 31st total of 205,900 shares. Based on an average daily volume of 131,300 shares, the short-interest ratio is presently 0.6 days. Approximately 0.9% of the shares of the stock are sold short.

Caravelle International Group Price Performance

NASDAQ:CACO traded down $0.01 on Wednesday, hitting $0.40. The company had a trading volume of 4,506 shares, compared to its average volume of 119,231. Caravelle International Group has a 52 week low of $0.38 and a 52 week high of $1.21. The firm has a 50 day moving average of $0.52 and a two-hundred day moving average of $0.70.

Caravelle International Group Company Profile

Caravelle International Group, through its subsidiaries, provides ocean transportation services in Singapore and internationally. The company operates through two segments, Ocean Transportation and Heating Business. It provides international shipping services and carbon-neutral solutions for wood desiccation.